Jobs Summit No Substitute For Effective Jobs Policy
Statement
Today, Louisiana Congressman Bill Cassidy made the following statement on the President's Jobs Summit:
"Tax hikes and regulation create uncertainty, uncertainty leads to caution, and caution inhibits hiring. By pushing a budget with $1.4 trillion in new taxes, an $894 billion Cap & Trade energy tax, and a health care bill with $730 billion in tax hikes, the Administration has made small businesses reluctant to hire."
"The facts show that the Administration's tax and spend agenda does not create jobs. The American people were promised immediate job creation when the $787 billion "Stimulus' bill passed in February. Nine months later, the unemployment rate has risen to 10.2%. Over 30,000 Louisiana workers have lost their jobs during this period."
"Republicans have offered a menu of less expensive and more effective alternatives. If the President is honest about the facts and serious about creating jobs, he'll give these alternatives serious consideration."
BACKGROUND:
Cassidy's economic agenda includes:
* The Economic Recovery and Middle-Class Tax Relief Act of 2009 (H.R. 470), an alternative stimulus package featuring broad and targeted tax relief designed to jumpstart consumer spending;
* The House Republican Economic Recovery Plan, an alternative economic stimulus proposal providing tax relief for working families, assistance to small businesses, aid for the uninsured, and measures to stabilize the housing market;
* The Savings Recovery Act (H.R. 2021), legislation to help restore and build savings through assistance for students, seniors, and families;
* The Responsible Homeowner Act (H.R. 1903), legislation aimed at rejuvenating the housing market through targeted incentives and homeowner assistance; and
* The No-Cost Stimulus Act (H.R. 1431), a plan to strengthen America's energy security, grow GDP by $10 trillion, and create an estimated 2 million jobs by repealing certain restrictions on the utilization of American energy resources.
Source